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Agree. Very few execs are good enough to base capital allocation decisions on gut feel alone though. “It feels like we are short on internal audit” versus “a
by mathattack 4y ago
Agree. Very few execs are good enough to base capital allocation decisions on gut feel alone though. “It feels like we are short on internal audit” versus “a firm our size should be doing these 10 audits per year. An audit takes $y and if we don’t do it, the consequences are measurable with Y….”
- kqr 4y agoYou keep saying you agree with me that executives should not make this type of decision and then you somehow circle back to how we can enable executives to make that type of decision. That's the opposite of what I'm saying! I'm not sure I understand what's going on there.
- mathattack 4y agoI’m saying both. I agree that not every call is an ROI decision, but execs need some data beyond feel for most capital allocation decisions.